[333 Pages Report] The global network security firewalls market is expected to be valued at US$ 19677 million by 2032, up from US$ 4882 million in 2022, expanding at a CAGR of 15% during the forecast period.
The demand for network security firewalls is surging owing to the increasing demand for advanced security services to alleviate the cyber-attack risks and expanding use of web applications, and these are the factors that are impelling the growth of this market.
| Report Attribute | Details |
|---|---|
| Network Security Firewalls Market Value (2022) | US$ 4882 Million |
| Network Security Firewalls Market Anticipated Value (2032) | US$ 19677 Million |
| Network Security Firewalls Projected Growth Rate (2022-2032) | 15% |
A network security firewall is a security tool made for blocking unapproved access to data that exists on a private network. This firewall is employed either in software or hardware form or a mix of both. The network security firewall has the potential to separate a specific network and its data from an external network.
These are considered the initial level of network security and render advantages such as easy installation, high-speed data transmission, and flexibility. Integrating a firewall for a network is relatively economical as compared to securing every computer independently.
The risk of security is increased, increasing the momentum of interconnected devices and safeguarding the information from cyber-attacks and security breaches, the implementation of network security firewalls is rising in several enterprises, and this eventually is boosting the growth of the network security firewalls market.
Moreover, globally cloud technology has adopted network security firewalls, and this is too promoting the network security firewalls market during the forecast period. Presently, most large- and medium-scale organization has a presence on the internet and has an organizational network connected to it. Hence, to maintain network security amongst the internal network and external internet to safeguard the business against data breaches and any kind of fraud, network security firewalls are used.
Network security firewalls assist businesses in securing communication pathways from data misuse and unauthorized access, and owing to the network security firewall market is increasing at a faster pace.
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| Parameters | North America |
|---|---|
| Hold on the Market (2022) | 32.8% |
| Key Driver | Digital transformation in the telecom sector to underpin significant growth. |
| Key Opportunity | Influx of investment brought in the market by venture capitalists. |
| Parameters | Europe |
|---|---|
| Hold on the Market (2022) | 20.70% |
| Key Driver | Government intervention to unlock wide growth channels. |
| Key Opportunity | GDPR norms pertaining to data privacy to unlock vast opportunity. |
Presently, North American network security firewalls are anticipated to lead the global market during the forecast period. North American network security firewalls market is said to hold 32.8% of the total market share by the end of 2022. Several countries in North America are witnessing a constant growth in cyberattacks, and therefore, venture capital in security reinforcement has assisted North America in gaining the highest market share in the global network security firewalls market.
Other factors promoting the growth of the market in this region are swift development and privacy concerns in digital transformation in the telecommunication industry are, promoting the incorporation of firewalls. Moreover, the presence of multiple vendors, who provide Distributed Denial of Service (DDoS) protection and well-timed adoption of network security firewall software solutions, are anticipated to propel the North American network security firewalls market during the forecast period.
On the other hand, the European regions account for 20.70% of the global market share for the network security firewalls market. European vendors have surfaced as innovators in developing Next Generation Firewalls (NGFW) and UTM (Unified Threat Management). The European Union Agency for Cybersecurity (ENISA) is the dedicated agency to achieve a superior level of cybersecurity across Europe.
ENISA supports EU cyber policy and develops the reliability of ICT products, processes, and services with cybersecurity certification schemes. Businesses in this region go on to use network security solutions to determine and prevent threats at an early stage. This significantly contributes to the network security firewalls market in Europe region.
Principal Consultant
The network security firewalls industry opens several opportunities for new entrants who focus on segments such as cybersecurity. In April 2022, unified cyber security platform WiJungle received its seed funding at a valuation of $22 million from US-based global venture capital firm SOSV. WiJungle decided to be part of the SOSV program from the aspect of global quantifiability and for mentorship to work together on their plans to expand further.
Also, in June 2022, cybersecurity firm Perimeter 81 hit unicorn status with a $100 million fundraising. This company offers secure network solutions for the hybrid workforce on its cloud-based platform. The company stated that its backers now value the Israeli cybersecurity company at $1 billion.
Some of the key players in the network security firewalls market are SAP SE, Hewlett Packard Enterprise, Cellusys, Symsoft, Openmind Networks, Tata Communications, ANAM Technologies, AMD Telecom, Adaptive Mobile, and Infobip.
| Sr. No. | 1 |
|---|---|
| Year | June 2022 |
| Key Player | Hewlett Packard Enterprise |
| Strategy Employed | Hewlett Packard Enterprise stated that it is the primary major server provider to render a new line of cloud-native compute solutions by using processors from Ampere. Also, recently Forrester Researcher, Inc., named SAP a leader among Enterprise Data Fabric Solutions. |
| Sr. No. | 2 |
|---|---|
| Year | November 2020 |
| Key Player | Amazon |
| Strategy Employed | Amazon introduced AWS Network Firewall service that enables easy deployment of key network operations. It is a cloud-based solution that sets up easily using few clicks. In addition to this, the network security firewall can be scaled as per the new requirements surfacing in the future. |
| Sr. No. | 3 |
|---|---|
| Year | April 2022 |
| Key Player | Accenture |
| Strategy Employed | Accenture and Vodacom teamed up to work towards the improvement of cybersecurity 4to curb instances of cyberattacks and cyber threats, which arises on account of the lack of investment. |
| Sr. No. | 4 |
|---|---|
| Year | May 2022 |
| Key Player | Capgemini |
| Strategy Employed | Capgemini announced that it has opened a new office in Spain with a special focus on Cyber Defence Centre, also known as (CDC) as a Cloud Service Center. The new space in Spain will complement the CDC offices present in the U.K., France, Poland, India, Paris, the Netherlands, and Australia. |
Most of the players in the niche have an intensified focus on providing a better service in order to gain an edge over their fellow contenders. As a result, the priority has always been on improving the service quality. Cloud deployment of network security firewalls is a game-changing means for the established players to cater to requirements from geographies out of their physical coverage. Additionally, the focus is also on the expansion to new geographies to make the most out of the opportunities present, alongside having less competition to deal with.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The network security firewalls market is predicted to advance at a CAGR of 15% from 2022 to 2032.
North America is anticipated to lead the network security firewalls market through 2032.
The network security firewalls market is likely to hold a valuation of US$ 19677 million by 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Solution Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Solution Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Solution Type, 2022-2032
5.3.1. SMS Firewall
5.3.2. Signalling Firewall
5.4. Y-o-Y Growth Trend Analysis By Solution Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By Solution Type, 2022-2032
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Deployment Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By Deployment Type, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Deployment Type, 2022-2032
6.3.1. Cloud
6.3.2. On-Premise
6.4. Y-o-Y Growth Trend Analysis By Deployment Type, 2017-2021
6.5. Absolute $ Opportunity Analysis By Deployment Type, 2022-2032
7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Solution Type
8.2.3. By Deployment Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Solution Type
8.3.3. By Deployment Type
8.4. Key Takeaways
9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Solution Type
9.2.3. By Deployment Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solution Type
9.3.3. By Deployment Type
9.4. Key Takeaways
10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Solution Type
10.2.3. By Deployment Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solution Type
10.3.3. By Deployment Type
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. India
11.2.1.5. Malaysia
11.2.1.6. Singapore
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of APAC
11.2.2. By Solution Type
11.2.3. By Deployment Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solution Type
11.3.3. By Deployment Type
11.4. Key Takeaways
12. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Solution Type
12.2.3. By Deployment Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solution Type
12.3.3. By Deployment Type
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.S.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Solution Type
13.1.2.2. By Deployment Type
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Solution Type
13.2.2.2. By Deployment Type
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Solution Type
13.3.2.2. By Deployment Type
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Solution Type
13.4.2.2. By Deployment Type
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Solution Type
13.5.2.2. By Deployment Type
13.6. U.K.
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Solution Type
13.6.2.2. By Deployment Type
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Solution Type
13.7.2.2. By Deployment Type
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Solution Type
13.8.2.2. By Deployment Type
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Solution Type
13.9.2.2. By Deployment Type
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Solution Type
13.10.2.2. By Deployment Type
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Solution Type
13.11.2.2. By Deployment Type
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Solution Type
13.12.2.2. By Deployment Type
13.13. Malaysia
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Solution Type
13.13.2.2. By Deployment Type
13.14. Singapore
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Solution Type
13.14.2.2. By Deployment Type
13.15. Australia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Solution Type
13.15.2.2. By Deployment Type
13.16. New Zealand
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Solution Type
13.16.2.2. By Deployment Type
13.17. GCC Countries
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Solution Type
13.17.2.2. By Deployment Type
13.18. South Africa
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Solution Type
13.18.2.2. By Deployment Type
13.19. Israel
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Solution Type
13.19.2.2. By Deployment Type
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Solution Type
14.3.3. By Deployment Type
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. SAP SE
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. Hewlett Packard Enterprise
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Cellusys
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Symsoft
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. Openmind Networks
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. Tata Communications
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. ANAM Technologies
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. AMD Telecom
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. Adaptive Mobile
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. Infobip
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Network Security Firewalls Market
